I’m on vacation until the end of next week, so the posts here at CAB may be sparse and short over the next 10 days or so, but here is a short news item that caught my eye. According to this article from the Hindu Times, the Indian Parliament is considering a bill that would allow [...]
Archive for July, 2009
Securities Class Actions to Come to India?
Posted in Class Action News, International Class Action Law, tagged hindu times, india, india class action law, indian class action law, securities class action on July 29, 2009 | Leave a Comment »
Stanford/Cornerstone Issue Mid-Year Report on Securities Class Action Trends
Posted in Class Action Trends, Reports and Surveys, Securities Class Actions, tagged class action report, Class Action Trends, financial crisis litigation, global financial crisis, securities class action on July 21, 2009 | Leave a Comment »
As reported in this recent Financial Times article, the Stanford Law School Securities Class Action Clearinghouse and Cornerstone Research have issued a Mid-Year Report on trends in securities class action filings. Among the report’s key findings are that U.S. securities class actions against foreign companies are on the rise and that the financial industry continues to be the target of “unprecedented [...]
Incentive Awards OK, But Not Incentive Agreements
Posted in Class Action Decisions, Class Action Settlements, tagged 9th circuit, class action incentive, class action settlement, class settlement, incentive agreement, incentive award, incentive payment, ninth circuit on July 16, 2009 | 1 Comment »
In an opinion entered in April in Rodriguez v. West Publishing Corp., the U.S. Court of Appeals for the Ninth Circuit stated its disapproval of the practice of plaintiffs’ counsel entering into incentive agreements with putative class representatives, which required their attorneys to seek successively higher payment in the event of class settlements in successively higher dollar amounts. The [...]
Class Actions Finally Come to Italy
Posted in International Class Action Law, tagged european class action, International Class Action Law, italian class action, italy class action on July 9, 2009 | Leave a Comment »
A Securities Docket post today tipped me off to this Reuters article discussing the enactment of “Italy’s first law establishing class actions.” The law will take effect January 2010 and will apply only to conduct occuring after the law’s effective date. At first, I wasn’t sure whether this April 1, 2008, ClassActionBlawg article announcing Italy’s first class action law was [...]
Expert Testimony and the Rigorous Analysis Standard
Posted in Lawyers' Resources, Reports and Surveys, rule 23, tagged expert testimony, frcp 23, rigorous analysis, rule 23, white paper on July 9, 2009 | Leave a Comment »
Economist David Gulley, Ph.D., of Navigant Consulting, has authored an informative white paper entitled Recent Trends in Rule 23 Class Certification Expert Analysis. Dr. Gulley’s article explores the expanding role of experts and increased scrutiny over expert opinion testimony in class certification proceedings in light of recent federal appellate decisions placing renewed emphasis on the rigorous analysis standard. See the Second Circuit’s [...]
In Defense of the BigLaw Blog
Posted in Off Topic, Other class action blogs, tagged amlaw 10, amlaw 100, amlaw 50, biglaw, blawg, law blog on July 6, 2009 | 1 Comment »
The guys at the Drug and Device Law Blog have a post outlining “six things we’ve heard” about why no lawyers from the ten most profitable law firms have blogs. Perhaps wisely, the’ve chosen to stay out of the fray by commenting further. I do not share their good sense. I’m completely unqualified to speak to what motivates lawyers at [...]
Credit Crisis Litigation Trends
Posted in Class Action Trends, Reports and Surveys, tagged credit crisis, credit crisis class action, credit crunch, securities class action on July 1, 2009 | Leave a Comment »
Jaclyn Jaeger of Compliance Week authored a comprehensive article published yesterday highlighting trends in credit crisis-related securities class action lawsuits. The article summarizes a June 15, 2009, NERA Consulting report entitled “An Update on the Credit Crisis Litigation: A Turn Towards Structured Products and Asset Management Firms.” Here is a link to the article, which in turn includes a [...]
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Paul Karlsgodt
Juridical What?
Posted in Class Action Decisions, Class Action Trends, Commentary, tagged class certification, joinder, juridical link, standing on July 20, 2009 | Leave a Comment »
Not two full weeks after I invoked the “juridical link” doctrine as an example of one of the most obscure legal concepts I could think of (see July 6, 2009 entry, In Defense of the Big Law Blog), a North Carolina Court has apparently applied the doctrine in allowing a class action to be brought against related defendants with [...]
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